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BELMONT GREEN FINANCE LIMITED

Company number: 09837692

Reporting period:
1 July 2022 to 31 December 2022

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This information is as reported by the business, and responses are in their own words.

This report was filed on 27 April 2023

and approved by Mel Taylor

Payment statistics

Average time taken to pay invoices: 18 days

Invoices paid:

• within 30 days: 98%
• in 31 to 60 days: 2%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 14 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

45 days

Standard payment terms

Longest standard payment is 45 days and shortest standard payment is 1 day. The standard payment term is 30 days.

Were there any changes to the standard payment terms in the reporting period?

Yes – Longest standard payment period changed from 40 to 45 days. The invoices due but not paid within agreed terms changed from 15% to 14%.

Were suppliers notified or consulted about these changes before they were made?

No

Maximum contractual payment period agreed

30 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Payment disputes are managed by the Finance control/AP department and can be escalated to the Head of Finance Control whose contact details are available upon request.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.

No

Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No